About My Slideshows

This annex is intended as a convenient interface for access to the slide shows that are a key feature of my blog. If you have landed in the annex by accident, click here to return to the main blog.

I originally intended the slide shows mainly for classroom use. If you teach economics at any level, I invite you to cut and paste them into your live lectures, incorporate them into your on-line courses, assign them to your students as readings, or use them in any way that works for you. If you like the slides, I invite you also to consider adopting my own textbook from BVT Publishing.

For general readers of my blog, the slide shows offer a way to explore a topic in greater depth than is possible in the basic post, through added data, graphs, pictures, and background theory and concepts. I hope all readers enjoy them.

Thursday, March 24, 2011

As oil prices spike in response to events in the Middle East, inflation has risen above its target level in the US, the UK, and the euro area. The three central banks face the choice of whether to resist the inflationary impact of the oil price shock, at the risk of slowing growth and rising unemployment, or to accommodate the shock, at the risk of inflation. This slideshow uses simple macroeconomic analysis to explain what happens when central banks accommodate oil price shocks or decide instead to resist oil price inflation.